


Call 911
by Simplar | May 23, 2025 | Built Environment, Business Failure, Business of Construction, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Weekly Construction Message
Last week we established that the high failure rate in the construction industry comes down to a single cause – a shortage of working capital. Some blame failures on a whole variety of causes: labor unrest, natural disasters, economic stress, market shrinkage,...
Is There a Doctor in the House?
by Simplar | May 15, 2025 | Business, Strategic & Project Planning, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Growth, Growth, Leadership, Weekly Construction Message
Last week we discussed the irony of the construction industry’s traditional low-bid acquisition system. It seems you can’t win the game of making money if you pick up all your work by being the cheapest price. On the other hand, you can’t even play...
Surprise!!!
by Simplar | May 1, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
I experienced this firsthand when my company was sent in by sureties to complete projects interrupted by a contractor’s unexpected failure. The Contractors were always shocked that they did not see it coming. The question is why didn’t anyone see it...
The Last Word
by Simplar | Mar 20, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
It’s tough to build something on time and exactly as specified. It is even tougher to make money doing it. It seems like the deck is stacked against us. A project in progress is like a leaky vessel that oozes money out of every crack. Cracks can appear in...
Risk Assessment
by Simplar | Mar 6, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Risk Management, Risk Management
Financial risk is embedded in the nature of construction transactions. Project risk management begins during project selection. Signing a legally enforceable performance contract, for a complexity of services, to be delivered over an extended period, is a high-risk...Search Past Blogs by Keywords